If: Stock turnover ratio is = 6 times
Average stock = Rs 8,000
Selling price = 25% above cost
What is the amount of gross profit?
| A. | Rs 2,000 |
| B. | Rs 4,000 |
| C. | Rs 10,000 |
| D. | Rs 12,000 |
Answer : D Explanation : Gayathri said: (3:27pm on Wednesday 28th December 2016)
STR=Cgs/average stock6=cgs/8000;cgs=48000;48000×125÷100=60000; gross profit =60000-48000=12000.
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
